Jim Rogers: Major Crash Ahead For U.S. Investors… “I don’t trust the data from any government, including the U.S., Rogers said. “We know that governments lie to us. Everybody’s printing money, but it cannot go on. This is all artificial.”
Jim Rogers: Major Crash Ahead For U.S. Investors
MoneyMorning ^ | 25 February 2013 | Terry Weiss
Posted on Monday, March 11, 2013 7:09:06 PM by Lorianne
Despite the current stock market rally, legendary investor Jim Rogers say the U.S economy is poised for a major crash and is warning investors to protect themselves immediately.
“I don’t trust the data from any government, including the U.S., Rogers said. “We know that governments lie to us. Everybody’s printing money, but it cannot go on. This is all artificial.”
Rogers, who for years has been an outspoken critic of the Feds policies of “Quantitative Easing” says all the money printing is creating false hope that we are in the middle of some kind of super bull market.
But in reality, he says, “we’re living in a fool’s paradise.”
The Myth of Fed Independence… “By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency.” – Murray N. Rothbard – Mises Daily
[Excerpted from The Case Against The Fed.]
By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of their covert activities. It is true that the committee hearings and activities are closed to the public; but at least the people’s representatives in Congress insure some accountability for these secret agencies.
It is little known, however, that there is a federal agency that tops the others in secrecy by a country mile. The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows of, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation’s vital monetary system, is accountable to nobody—and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue.
Only One Solution to the Fed Debt Trap (“…Charging Tax Payers Interest On Money They Print out of Thin Air Since 1913″) | Veterans Today
Only One Solution to the Fed Debt Trap
by Rand Clifford
The Oxford Dictionary of Proverbs lists the oldest written version of the saying “what you don’t know can’t hurt you” as coming from playwright George Pettie’s Petit Palace in 1576:
“So long as I know it not, it hurteth me not.”
The Fed gained control of America’s money in 1913. Government debt now soars toward $17 trillion. Interest paid to service this debt, for the year 2011 alone, was $454,393,280,417.03, largely funneled by the Fed to eight international banking families:
Rothschild’s of London and Berlin; Lazard Brothers of Paris; Israel Moses Seaf of Italy; Kuhn, Loeb & Co. of Germany and New York; Warburg & Company of Hamburg, Germany; Lehman Brothers of New York; Goldman, Sachs of New York; Rockefeller Brothers of New York.
Only One Solution to the Fed Debt Trap
Ever heard a better argument for entitlement reform?
The Fed’s $40 billion A Month Plan To Help … (“We have been warning conservatives about Federal Reserve Chairman Ben Bernanke’s taxpayer-funded Super PAC that has so-far pumped something like $2 trillion into the economy to help re-elect President Obama.”)
We have been warning conservatives about Federal Reserve Chairman Ben Bernanke’s taxpayer-funded Super PAC that has so-far pumped something like $2 trillion into the economy to help re-elect President Obama.
Wednesday, August 1, 2012
Ben Swann takes a look at history and present activities of the Federal Reserve Bank and whether the Fed needs to be audited.
Ever since the “ratification” of the 16th amendment and the creation of the “Federal Reserve note,” nothing that you purchase is truly yours.
(Editor’s Note: I can’t confirm this shocking information but provide it for discussion.)
Most people believe that when they buy something that they are the real owner of it. However, when you understand the truth about maritime law, you will clearly see how this is nothing more than a fraud.
May 15, 2012
Last week I held a hearing to examine the various proposals that have been put forth both to mend and to end the Fed. The purpose was to spur a vigorous and long-lasting discussion about the Fed’s problems, hopefully leading to concrete actions to rein in the Fed.
First, it is important to understand the Federal Reserve System. Some people claim it is a secret cabal of elite bankers, while others claim it is part of the federal government. In reality it is a bit of both. The Federal Reserve System is the collusion of big government and big business to profit at the expense of taxpayers. The Fed’s bailout of large banks during the financial crisis propped up poorly-run corporations that should have gone under, giving them a market-distorting advantage that no business in the United States should receive. The recent news about JP Morgan is a case in point. JP Morgan, a recipient of $25 billion in bailout money, recently announced it lost another $2 billion. If a corporation shows itself to be a bottomless money pit of “errors, sloppiness and bad judgment,” the Fed shouldn’t have expected $25 billion in free money to change that or teach anyone a lesson in fiscal discipline.
But it determined that this form of deliberate capital destruction was preferable to one business suffering bankruptcy. Clearly, some changes need to be made.
Tense stand off as Congressman notes Fed is destroying dollar purchasing power
Steve WatsonPrisonplanet.comFebruary 29, 2012
GOP presidential candidate Ron paul took a break from campaigning today and diverted his attention back to his role on the House Financial Services Committee with the semiannual visit of Federal Reserve chairman Ben Bernanke.In a scathing opening statement, Paul went on the offensive against the Fed:“What we are witnessing today is the end stages of a grand experiment,” Paul said, adding that the Fed’s control over the nation’s money supply has directly caused economic bubbles and all but destroyed the purchasing power of the dollar.
Noting that the Fed will soon end because it is facilitating too much debt, the Congressman added “I’m anxiously waiting for this day… Reform has to come.
”Turning his attention to Bernanke, Paul asked the Fed chairman whether he did his own grocery shopping. A somewhat bemused Bernanke replied in the affirmative, to which Paul hit back “OK. So you’re aware of the prices,” before commenting on government denial of real levels of inflation.“This argument of prices going up two percent, nobody believes it.” Paul said. “The old CPI says prices are going up at nine percent.” A d v e r t i s e m e n t“People on fixed incomes, they are really hurting.
The middle class is really hurting. Because their inflation rate is very much higher than the government tries to tell them, and that’s why they lose trust in government.”“You say inflation is about 2%, I say 9%, let’s just call it 5%,” Paul told Bernanke. “That inflation is taking money away from the people….Someone is stealing wealth and this is very upsetting”The Congressman then pulled out a silver eagle, explaining that it has retained it’s real worth and that hard assets should be used as currency as outlined in the Constitution.Telling Bernanke that in 2006, when he took over at the Fed, an ounce of silver bought about 4 gallons of gas, where as today it will buy 11 gallons.
The Federal Reserve has operated almost entirely behind closed doors as it rewrites the rule book governing the U.S. financial system, a stark contrast with its push for transparency in its interest-rate policies and emergency-lending programs.
I have posted a video of something I thought I would never see: all five of the Republican candidates for the U.S. Senate verbally demanding an audit of the Federal Reserve System. You can see it here.
Bernanke is facing what no Federal Reserve chairman has ever faced: public awareness of the Federal Reserve System. From late December 1913, when an almost deserted Senate voted for the Federal Reserve Act, until 2008, when the recession confirmed Ron Paul‘s warning in late 2007, there was almost no public awareness or even a vague understanding of the Federal Reserve System. The genie is now out of the bottle, where it had been corked since 1913. Ron Paul has uncorked it.
From the November 1910 secret meeting at Georgia’s Jekyll Island until Ron Paul’s 2007 candidacy for the Republican nomination for President, The Federal Reserve had received a free ride from Congress. There had never been much oversight. That’s because FED regulation was an oversight. (The same word is used to convey opposite meanings.)
The Thinly-Veiled Fed Bailout Of Europe
TBI ^ | 12-30-2011 | Phil’s Stock World
Posted on Friday, December 30, 2011 7:14:43 AM by blam
The Thinly-Veiled Fed Bailout Of Europe
Phil’s Stock World
Dec. 30, 2011, 5:45 AM
However, the “borrowing” is not called “borrowing.” It’s called a “temporary U.S. dollar liquidity swap arrangement.” Yet it is really borrowing because it’s going massively in one direction for the purpose of giving the ECB Dollars to lend to European banks, so the ECB can avoid lending more Euros. The ECB doesn’t want to tarnish its “inflation fighting” reputation and further devalue the Euro. Instead, the Fed is taking billions of Euros as collateral for the Dollar swap.
Interest Rates in a Gold Coin Standard by Gary North ~ “…This is mainly the result of Ron Paul’s 2007 candidacy for the Republican nomination …”
Americans are living in a world of central bank profligacy. This has been true ever since 1914, when the Federal Reserve System opened for business. But the most recent bank-created economic crisis, which began in December 2007, has received more attention than ever before.
The Federal Reserve wants to know what you are saying about it. In fact, the Federal Reserve has announced plans to identify “key bloggers” and to monitor “billions of conversations” about the Fed on Facebook, Twitter, forums and blogs. This is yet another sign that the alternative media is having a dramatic impact. As first reported on Zero Hedge, the Federal Reserve Bank of New York has issued a “Request for Proposal” to suppliers who may be interested in participating in the development of a “Sentiment Analysis And Social Media Monitoring Solution”. In other words, the Federal Reserve wants to develop a highly sophisticated system that will gather everything that you and I say about the Federal Reserve on the Internet and that will analyze what our feelings about the Fed are. Obviously, any “positive” feelings about the Fed would not be a problem. What they really want to do is to gather information on everyone that views the Federal Reserve negatively. It is unclear how they plan to use this information once they have it, but considering how many alternative media sources have been shut down lately, this is obviously a very troubling sign.
You can read this “Request for Proposal” right here. Posted below are some of the key quotes from the document (in bold) with some of my own commentary in between the quotes….
(Excerpt) Read more at theeconomiccollapseblog.com …